IN THE INDUSTRY
Shell Invests In Ethereum Hybrid That Gives Real Power to the People
Shell is continuing its exploration of blockchain with yet another investment in the technology, this time investing in LO3, a startup using a modified version of the Ethereum blockchain to make it easier for individuals to buy and sell locally produced energy.
Digital Transformation Strategy Advances in Oil and Gas
Firms such as Netflix have had a solid digital transformation strategy. Now, industrial companies, including in the oil and gas sector, are on a similar, if less dramatic, trajectory.
Total Hopes New Supercomputer Will Help It Find Oil Faster and More Cheaply
Energy major Total said its new supercomputer—which has propelled it to a world ranking as the most powerful computer in the sector—will enable its geologists to find oil faster, cheaper, and with a better success rate.
Fieldbit's Smart Glasses Prevent Oil Spills
The Israeli company has developed augmented-reality solutions that enable field technicians in energy and other industries to avert disasters such as BP's Gulf of Mexico oil spill.
Baker Hughes Adds an AI Option
Baker Hughes is still a GE company, but it has partnered with a second company for artificial intelligence expertise, C3.ai. The deal is expected to speed the integration of AI into oilfield operations by the company which also markets GE’s device analytics platform, Predix.
Katalyst Data Management Opens New Digital Transformation Center in Houston
The company's second location in the area is expected to increase the production capacity for large-scale exploration and production digital transformation projects that are already under way.
Capital Projects Struggle To Implement Digitalization
The Independent Project Analysis recently reached out to its clients to understand why digitalization tools are so burdensome for projects organizations to implement.
Moving to the Edge Is Crucial for Oil and Gas Companies To Make Better Use of Data
The oil and gas industry already lives on the edge when it comes to the remote and often inhospitable geographic locations that it operates in, but now it is moving its computing to the edge to gain valuable business insights that can increase operational efficiency and profitability.
Schlumberger Introduces Digital Exploration Platform
Schlumberger introduced the GAIA digital exploration platform, which it says enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities.
The Challenges of Unmanned Automation in the Oil and Gas Sector
Norway’s oil and gas major, Equinor, made headlines in October 2018 following its launch of the world’s first fully automated wellhead platform, the Oseberg H. Here, Claudia Jarrett, US country manager of parts supplier EU Automation, explains the challenges of unmanned automation in oil and gas.
API Publishes Guide for Drone Use in Oil and Gas Industry
The American Petroleum Institute announced the publication of its Guide for Developing an Unmanned Aircraft Systems Program, which will help ensure worker and operational safety as the industry introduces drones in its operations.
Real-Time Predictive-Analysis Tool Aims To Prevent Another Piper Alpha
Aberdeen’s Opex Group and an industrial behavioral psychologist are designing a tool that will combine data from diagnostic surveys with historical data on oil and gas accidents and spills.
Offshore and Onshore Reliability Data Project Goes Digital
Vast amounts of offshore and onshore reliability data will be made available as the project by the Norwegian Petroleum Directorate provides access to its now-digital data in an effort to improve accessibility and efficiency for oil and gas industry reliability data.
Digital Transformation at BP is Starting to Add Up to Billions
Analytics, sensors, and robots are changing the way one of the world’s largest oil and gas companies does business. Underpinning all the new technology though is a shift in how BP thinks, and what it means to be a supermajor in the 21st century.
Digitalization is Changing Offshore Operations
Adoption of digital technologies will continue to improve the offshore sector, including improved well efficiency, real-time directional drilling, lower maintenance costs, and safer operations.
Augmented Artificial Intelligence Improves Data Analytics in Heavy-Oil Reservoirs
The authors of this paper propose a novel work flow for the problem of building intelligent data analytics in heavy-oil fields.
Digital Data Drives HSE Behavioral Safety Program
Behavior-based safety is not a new concept nor is it new at Murphy Oil. But when Murphy launched its Safety Observation Program as a digital tool, it revitalized the way the culture of safety spread throughout the company.
Total Plans To Use Artificial Intelligence To Cut Drilling Costs
Total plans to start a digital factory to tap artificial intelligence in a bid to save hundreds of millions of dollars on exploration and production projects, according to an executive.
Equinor Sets Sights on Natural Language Processing With Startup Nesh
New funding for a chatbot technology, or smart assistant, represents the latest development in the Norwegian operator’s drive toward digitalization.
Shell Deploys AR Headsets To Facilities in 12 Countries
This digital deal is helping to make augmented reality a new reality for oil and gas operations.
Pattern-Based History Matching Maintains Consistency for Complex-Facies Reservoirs
A challenging problem of automated history-matching work flows is ensuring that, after applying updates to previous models, the resulting history-matched models remain consistent geologically.
Seven Ways Blockchain Can Revamp the Oil and Gas Industry
Blockchain, the underlying technology behind the sensational Bitcoin, could profoundly affect the oil and gas industry by cutting down on operational time and costs while also introducing more transparency to the industry.
UK Releases 130 Terabytes of Oil and Gas Data
Data from the UK Oil and Gas Authority’s new data repository cover 12,500 offshore wellbores, 5,000 seismic surveys, and 3,000 pipelines.
Equinor Expects Hardwiring Sensors Will Help Overcome Data-Processing Challenges
The company plans an innovative application of oceanographic instrumentation to maximize recovery at its Johan Sverdrup oil field in the North Sea.
Innovation Advances Digital Culture Throughout Company
A technology initiative is changing more than the digital landscape at Murphy Oil. Since its deployment in November 2018, Murphy Labs is changing the very culture of the corporation.
How the Digital Economy Is Transforming Canada’s Offshore Oil and Gas Industry
Jobs with repetitive activities may decrease, while new types of onshore jobs are being created.
Schlumberger, Rockwell Team Up To Take On Oilfield Automation
The world’s largest oilfield services firm and one of the largest providers of SCADA systems have formed a joint venture to create Sensia, an integrated automation suite.
Harnessing Data To Unlock New Energy Solutions
ExxonMobil is rolling out a project that will enable it to collect all operating data from its refineries and chemical plants—up to 1 billion bits per minute—into a high-performing computing environment.
BP Invests in New Artificial Intelligence Technology
BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence and digital capabilities in its upstream business.
Digital Technologies Enable Methane-Reduction Efforts at Scale
The deployment and adoption of digital technologies across the oil and gas value chain could help scale the effect of the industry’s methane-reduction efforts, finds a new report.
The Incredible Ways Shell Uses Artificial Intelligence To Help Transform the Oil and Gas Giant
Royal Dutch Shell is heavily investing in research and development of artificial intelligence, which it hopes will provide solutions to some of its most pressing challenges.
Director Strives To Give Data and Digital Experts a Voice
Oil companies are talking big about using data and analytics, but the experts in the field are not sure what their role will be. Birol Dindoruk, SPE's technical director for management and information, talks about ensuring that they have a say.
Planned Oil and Gas Supercomputer Would Be Among World's Fastest
Skybox Datacenters has signed a 15-MW lease with a client that will host a supercomputer in its Houston facility. The client expects the system to beat Summit, the US Department of Energy supercomputer that is currently considered the world’s fastest.
Drilling for Data: Digitizing Upstream Oil and Gas
Upstream oil and gas is well behind other industries when it comes to being digitally enabled. That said, there is an enormous amount of interest in and expectation around the benefits of digital solutions.
Total, Google Cloud to Team on AI for Upstream
Total is expanding its development and use of artificial intelligence to bolster its exploration work, collaborating with Google Cloud—which is stepping up its presence in the oil and gas industry.
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03 July 2019